Gator Capital Management LLC Buys 1,050 Shares of Jackson Financial Inc. (NYSE:JXN)

Gator Capital Management LLC lifted its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 111,850 shares of the company’s stock after purchasing an additional 1,050 shares during the period. Jackson Financial accounts for 3.7% of Gator Capital Management LLC’s holdings, making the stock its 6th biggest position. Gator Capital Management LLC owned about 0.15% of Jackson Financial worth $9,740,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in JXN. State Street Corp increased its position in Jackson Financial by 4.9% during the third quarter. State Street Corp now owns 3,266,981 shares of the company’s stock worth $298,047,000 after buying an additional 153,326 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Jackson Financial by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 2,099,517 shares of the company’s stock worth $188,522,000 after acquiring an additional 13,362 shares during the period. Norges Bank acquired a new position in shares of Jackson Financial during the 4th quarter worth approximately $98,767,000. Charles Schwab Investment Management Inc. raised its stake in Jackson Financial by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,079,240 shares of the company’s stock valued at $93,980,000 after acquiring an additional 28,337 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Jackson Financial by 33.9% during the 4th quarter. JPMorgan Chase & Co. now owns 650,544 shares of the company’s stock valued at $56,649,000 after purchasing an additional 164,800 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $84.43, for a total value of $591,010.00. Following the transaction, the chief executive officer now directly owns 85,276 shares of the company’s stock, valued at $7,199,852.68. This trade represents a 7.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on JXN. Keefe, Bruyette & Woods increased their price objective on shares of Jackson Financial from $103.00 to $105.00 and gave the company a “market perform” rating in a research report on Friday, February 28th. Barclays upped their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $97.40.

Jackson Financial Trading Down 7.7 %

Shares of Jackson Financial stock opened at $70.18 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a 50-day moving average of $87.63 and a 200-day moving average of $92.73. Jackson Financial Inc. has a 52-week low of $62.81 and a 52-week high of $115.22. The stock has a market cap of $5.10 billion, a PE ratio of 6.13 and a beta of 1.49.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.07). The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. As a group, sell-side analysts forecast that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date was Tuesday, March 11th. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s dividend payout ratio (DPR) is 27.95%.

Jackson Financial Profile

Jackson Financial Inc, through its subsidiaries, provides suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and payout annuities, as well as registered index-linked annuities and lifetime income solutions.